Delinquency rates on commercial/multifamily mortgages remain low in the first quarter of this year, although they have increased slightly from 4Q07, according to data from Mortgage Bankers Association (MBA) released last week.

The MBA's analysis looked closely at commercial/multifamily delinquency rates of five of the largest investor groups - commercial banks and thrifts, CMBS, life insurance companies, Fannie Mae and Freddie Mac - which together have more than 80% of the commercial/multifamily mortgage debt outstanding.

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